How AI in HR Will Close the Gender Pay Gap

In our global economy, the path to pay equality between women and men is crawling, but AI-powered technology may be the answer to closing the gender wage gap. Despite the female charge for equality throughout the last few years, the last decade showed the slowest rate of progress in reducing the gender pay gap since 1979. In fact, according to the World Economic Forum, at this rate, the pay gap will take another 202 years to equalize. While this data is valid in many ways, there is a major factor not included in these estimates: the advancement and implementation of technology that has the power to close the gap by removing human bias from the process. Technology isn't the most obvious tactic to help close the gender pay gap, but it is the practical answer that both CHROs and employees are looking for.